Electrovaya Inc. (ELVA) — Financial statements
Income statement, balance sheet, and cash flow for Electrovaya Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 64↑42.6% | 45↑2.8% | 43↑177.6% | 16↑57.4% | 10 | |
| Cost of Revenue | 44↑42.6% | 31↓4.0% | 32↑159.8% | 12↑61.8% | 8 | |
| Gross Profit | 19↑42.5% | 14↑22.4% | 11↑246.2% | 3↑42.5% | 2 | |
| Operating Expenses | ||||||
| R&D Expenses | 4↑44.1% | 3↓10.2% | 3↓1.5% | 3↓24.6% | 5 | |
| General & Administrative Expenses | 5↓10.8% | 6↑25.5% | 5↓22.6% | 6↑93.0% | 3 | |
| Selling & Marketing Expenses | 3↓0.2% | 3↑54.7% | 2↑65.4% | 1↓10.5% | 1 | |
| SG&A Expenses | 8↓7.4% | 9↑33.7% | 7↓9.0% | 7↑63.7% | 5 | |
| Other Expenses | 1↑37.0% | 0.87↑601.2% | -0.17↑51.5% | -0.36↓178.5% | 0.46 | |
| Operating Expenses | 14↑7.7% | 13↑29.9% | 10↓5.1% | 10↑10.0% | 10 | |
| Total Costs & Expenses | 58↑32.3% | 44↑4.0% | 42↑84.2% | 23↑33.1% | 17 | |
| Operating Results | ||||||
| Operating Income | 6↑659.9% | 0.73↓39.4% | 1↑116.5% | -7↑0.1% | -7 | |
| Depreciation & Amortization | 2↑26.3% | 1↑33.3% | 0.91↑80.3% | 0.50↑57.7% | 0.32 | |
| EBITDA | 5↑86.1% | 3↑134.3% | 1↑119.4% | -6↓41.2% | -5 | |
| EBIT | 4↑128.2% | 2↑402.9% | 0.34↑104.9% | -7↓42.2% | -5 | |
| Interest & Other Income | ||||||
| Net Interest Income | -3↑18.6% | -3↓28.1% | -2↓9.1% | -2↑14.2% | -3 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 3↓18.6% | 3↑28.1% | 2↑9.1% | 2↓14.2% | 3 | |
| Non-Operating Income | 2↑264.9% | -0.99↓214.4% | 0.86↑347.0% | -0.35↑85.5% | -2 | |
| Other Income / Expenses | -4↓91.1% | -2↑34.1% | -3↓73.1% | -2↓658.6% | -0.26 | |
| Income Before Tax | 1↑188.2% | -1↑31.2% | -2↑76.6% | -9↓22.3% | -8 | |
| Income Tax Expense | -2 | 0.00↑100.0% | -0.68 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3↑326.5% | -1↓0.4% | -1↑83.9% | -9↓22.3% | -8 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 3↑326.5% | -1↓0.4% | -1↑83.9% | -9↓22.3% | -8 | |
| Bottom-Line Net Income | 3↑326.5% | -1↓0.4% | -1↑83.9% | -9↓22.3% | -8 | |
| EPS (Basic) | 0.09↑297.7% | -0.04↑0.0% | -0.04↑85.9% | -0.31↓14.8% | -0.27 | |
| EPS (Diluted) | 0.08↑286.7% | -0.04↑0.0% | -0.04↑85.9% | -0.31↓14.8% | -0.27 | |
| Weighted Average Shares | 39↑14.9% | 34↑0.5% | 34↑15.1% | 29↑5.0% | 28 | |
| Weighted Average Diluted Shares | 41↑21.6% | 34↑0.5% | 34↑15.1% | 29↑5.0% | 28 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.